Emerging Nations Proceed With Caution

Andrew Burns, head of macroeconomics at the World Bank, told journalists in London: “Developing countries should hope for the best and prepare for the worst.”

Predicting significantly slower global growth in 2012 than it expected last summer even if the eurozone muddles through its crisis, World Bank economists said that if financial markets deny funds to eurozone economies, global growth would be about 4 percentage points lower than even these figures with poorer economies far from immune.

Read the entire article: World Bank Warns Emerging Nations

eBay: Fight For Growth in Asia Is Just Beginning

Will eBay make it in China?

The company argues that what matters is making money, and that it is building a much more viable business by exploiting its lead in the global market.

Is that all that matters in terms of running a global business: making money?

Well eBay plans to focus on that and reinventing its China business by helping local companies sell to consumers overseas.

Read the entire article here.